Is a Buildingstars franchisee advised to obtain independent professional advice regarding the franchise?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
XVII. WARRANTIES AND REPRESENTATIONS OF FRANCHISEE
- A. FRANCHISEE has been advised to make an independent investigation of BUILDINGSTARS' operations. BUILDINGSTARS has not and does not represent that FRANCHISEE can expect to attain a specific level of sales, profits, or earnings. FRANCHISEE has been advised to obtain independent professional advice regarding this franchise. FRANCHISEE understands that it may sustain losses as a result of the operation or the closing of the business. FRANCHISEE understands that the business venture contemplated by this Agreement involves a high degree of financial risk and depends to a large degree on FRANCHISEE'S skills, abilities, initiative, and hard work.
Source: Item 23 — RECEIPT (FDD pages 43–217)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, prospective franchisees are explicitly advised to seek independent professional advice before investing in a franchise. The FDD states that Buildingstars has not and does not represent that a franchisee can expect to attain a specific level of sales, profits, or earnings. It is important for potential franchisees to understand that they may sustain losses as a result of the operation or the closing of the business.
Buildingstars emphasizes that the business venture involves a high degree of financial risk. The success of the franchise largely depends on the franchisee's skills, abilities, initiative, and hard work. This underscores the importance of conducting thorough due diligence and seeking expert counsel to fully understand the risks and opportunities associated with the Buildingstars franchise.
Given the speculative nature of the business and the dependence on individual capabilities, Buildingstars recommends that franchisees obtain independent professional advice. This advice could come from financial advisors, legal professionals, or business consultants who can provide an objective assessment of the franchise opportunity and help the franchisee make an informed decision. Seeking professional advice is a standard recommendation in the franchise industry, as it helps potential franchisees mitigate risks and understand the full scope of their investment.